PSG Grant Singapore: Funding for SMEs to Boost Productivity

Singapore

PSG Grant Singapore: Funding for SMEs to Boost Productivity

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Are you a business owner in Singapore looking to improve productivity and automate your processes? If so, the Productivity Solutions Grant (PSG) may be the solution you’ve been searching for. The PSG grant Singapore is a government initiative aimed at helping local SMEs maximize their potential and stay competitive in today’s fast-paced business world.

"PSG Grant Singapore" - A vibrant cityscape with iconic landmarks and modern architecture, bustling with activity and innovation

Understanding the PSG Grant can be a bit overwhelming, but we’re here to help. In this article, we’ll break down everything you need to know about the PSG grant Singapore, from eligibility requirements to the application process and beyond. We’ll also provide tips on how to maximize PSG benefits and answer some frequently asked questions to help you make the most of this valuable resource.

Key Takeaways

  • The PSG grant Singapore is a government initiative aimed at helping local SMEs improve productivity and stay competitive.
  • Understanding the eligibility requirements and application process is key to maximizing PSG benefits.
  • With the right approach, the PSG grant Singapore can be a valuable resource for businesses looking to take their operations to the next level.

Understanding the PSG Grant

A business owner submits paperwork for the PSG Grant at their desk, surrounded by a computer, phone, and documents

If you’re a Singaporean SME looking to improve productivity and automate existing processes through IT solutions and equipment, the Productivity Solutions Grant (PSG) might be just what you need. Here’s what you need to know to get started.

Eligibility Criteria

To be eligible for the PSG grant, your company must have at least 30% local shareholding and an annual sales turnover of less than S$100 million, or group employment size of not more than 200 employees. You must also be registered and operating in Singapore.

Types of Solutions Covered

The PSG grant covers pre-approved IT solutions, equipment and consultancy services. There are also sector-specific solutions available for industries such as retail, food, logistics and construction. These solutions are aimed at helping businesses improve productivity and efficiency, and can cover a wide range of areas such as accounting, HR management, inventory management and more.